Washington DC: the parasite that killed the American host

Take me down to parasite city where the money’s green and staffers committee…

Yes, life is good in and around the District. Pay? Great. Layoffs? Not observed. Home prices? What’s this ‘bubble’ thing people keep talking about?

However (and sadly for those in the District), the truth is that what they do there fails to add value to the U.S. economy and Gene Healy’s column observes the same with a number of great lines:

True, if you venture outside the Death Star’s orbit to visit the colonies for Thanksgiving or Christmas, you’ll see a lot of boarded-up storefronts. You might even feel a twinge of shame when Matt Drudge feeds you headlines like “D.C. Leads List of Most Shopaholic Cities in America.”

Whatever: Guilt is for losers! The main lesson the rest of the country should take from the capital’s prosperity is, per [New York Times D.C. bureau chief David] Leonhardt, that “education matters.”

D.C.’s “high-skill” economy boasts more college degrees than any other major metropolitan area in America. “If you wanted to imagine what the economy might look like if the country were much better educated,” Leonhardt writes, “you can look at Washington.”

Hey, you people out there in flyover country: We’re eating your lunch because we’re “smarter” than you! Hit the books, rubes: We built this!

Even so, I found it a bit unsettling last fall to read that “Beltway Earnings Make U.S. Capital Richer Than Silicon Valley,” as the Bloomberg News headline put it. After all, Silicon Valley “creates” wealth, while we — smart as we are — mostly shuffle it around.

The We built this! line is fantastically ironic as the real truth is They took this!

We built this! is reminiscent of the high school band that thought the football game was staged in order to allow them to perform at half-time.

I’m sure of one thing: the nation’s capital region is overrepresented in bureaucracy, in law degrees, and even in security clearances. Has it always been this bad or is a Jimmy Carter-like crisis of confidence setting in?

Democracy’s goals have changed. Government is played as a game, not as a fiduciary responsibility to get things done. Running the country is not what political leaders mainly think about.

As Warren Buffett knows, the future—until it all falls down—is not in plastics, but rather, in rent-seeking, crony capitalism, and regulatory capture.

Yes, the parasite’s gonna bring you to your knees
Advertisements

About Professor Mockumental

I enjoy almost all forms of parody, buffoonery, and general high-jinks. Satire has shown itself to be an essential societal need; I therefore humbly offer my services in such a manner. I enjoy mocking the usual suspects at the New York Times (Charles Blows, Moron Dowd, and the earth is flat guy) and Washington Post (Dana Milkbag, E.D. Dijon, and David Ignoramus). There are many others as well, but sadly, there are always too many targets and too little time.

Posted on August 7, 2012, in Uncategorized and tagged , , , , , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: